Proceedings of the 4th International Symposium on Business Corporation and Development in South-East and South Asia under B&R Initiative (ISBCD 2019)

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Research on the Relationship Among Technical Standards, Economic Growth, and Innovation An Empirical Study of Chinese Construction Industry Data

Authors
Wenfang Sun, Bowen Xu, Qifa Jiang
Corresponding Author
Wenfang Sun
Available Online 9 July 2020.
DOI
10.2991/aebmr.k.200708.029How to use a DOI?
Keywords
technical standards, economic growth, innovation, construction industry
Abstract

As a pillar industry of the country, the construction industry is very important to the development of the country. This paper firstly analyzes the relationship among technical standards, economic growth and innovation, and then combines Chinese construction industry data, based on VAR model, using Stata.14 software for data analysis to study the dynamic relationship among construction industry technical standards, economic growth and innovation. The results show that standards and economic development can better explain innovation; economic growth and building standards are positively related to innovation; the impact of standards on innovation is greater than that of economic growth, with standard changes of 1% and innovations of 1.27. %, while a 1% change in the economy can bring about a 0.6% change in innovation. The paper will present some thoughts on how to push construction industry in developing countries in which there suffers insufficient capital to code with the issues.

Copyright
© 2020, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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Volume Title
Proceedings of the 4th International Symposium on Business Corporation and Development in South-East and South Asia under B&R Initiative (ISBCD 2019)
Series
Advances in Economics, Business and Management Research
Publication Date
9 July 2020
ISBN
10.2991/aebmr.k.200708.029
ISSN
2352-5428
DOI
10.2991/aebmr.k.200708.029How to use a DOI?
Copyright
© 2020, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Cite this article

risenwbib
TY  - CONF
AU  - Wenfang Sun
AU  - Bowen Xu
AU  - Qifa Jiang
PY  - 2020
DA  - 2020/07/09
TI  - Research on the Relationship Among Technical Standards, Economic Growth, and Innovation An Empirical Study of Chinese Construction Industry Data
BT  - Proceedings of the 4th International Symposium on Business Corporation and Development in South-East and South Asia under B&R Initiative (ISBCD 2019)
PB  - Atlantis Press
SP  - 148
EP  - 152
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.200708.029
DO  - 10.2991/aebmr.k.200708.029
ID  - Sun2020
ER  -